Finance Minister Asad Umar on Monday (March 11) while Addressing a ceremony in Islamabad said that government is also focusing to improve governance in public sector enterprises as the fundamental operating procedures for the corporate sector will also be changed to achieve the desired goals and the government.
Finance minister also observed that bad governance affected the performance of institutions adding that, “Corporate laws are being amended to improve the business environment in the country.” “The performance of institutions was affected owing to bad governance,” the finance minister further said. Umar further urged regulators, including the Securities and Exchange Commission of Pakistan and Pakistan Stock Exchange, to fully facilitate the corporate sector in order to enhance its productivity and contribution to the economy.
Drawing a comparison between private and government entities, the finance minister said “We have now got the cabinet approval to change the multilateral procurement rules,” he said.
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25 May, 2019